USA Not Among OPEC But Influence Crude Prices, Why? - Foreign Affairs - Nairaland
Nairaland Forum › Nairaland General › Politics › Foreign Affairs › USA Not Among OPEC But Influence Crude Prices, Why? (610 Views)
| USA Not Among OPEC But Influence Crude Prices, Why? by amodu(op): 10:11pm On Jun 23, 2016*. Modified: 11:04pm On Jun 23, 2016 |
Currently, OPEC has twelve members, namely: Algeria, Angola , Ecuador , Iran , Iraq , Kuwait , Libya , Nigeria , Qatar , Saudi Arabia , United Arab Emirates and Venezuela. Amazingly, USA is not on the list but they control benchmark of oil prices. Why is it so  |
| Re: USA Not Among OPEC But Influence Crude Prices, Why? by SurefireFashion: 10:30pm On Jun 23, 2016 |
World Power |
| Re: USA Not Among OPEC But Influence Crude Prices, Why? by SeverusSnape(m): 10:44pm On Jun 23, 2016 |
They are the world power, and the economic powerhouse of the world. |
| Re: USA Not Among OPEC But Influence Crude Prices, Why? by peter1994(m): 11:01pm On Jun 23, 2016 |
Because they are the largest Producers of Natural Gas and Crude Oil. since Russia n China Provoked them into Largely exploring shale oil and gas Using Hydraulic Fracturing AKA Fracking. FYI Thats when crude oil price began to fall 1 Like |
| Re: USA Not Among OPEC But Influence Crude Prices, Why? by amodu(op): 11:06pm On Jun 23, 2016 |
SeverusSnape:Hmmmm, indeed. |
| Re: USA Not Among OPEC But Influence Crude Prices, Why? by Nobody: 11:09pm On Jun 23, 2016 |
peter1994:Damn, i fvcking hate USA and love them at the same time 1 Like |
| Re: USA Not Among OPEC But Influence Crude Prices, Why? by amodu(op): 11:12pm On Jun 23, 2016 |
SeverusSnape:It is not enough reason.. |
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